Comments

  1. I would be wary of investing in gold ETFs.
    On the back of the AIG near-collapse, the LSE stopped trading all the AIG insured commodity ETFs because the market makers didn’t have enough confidence in AIG to quote prices.

    http://www.forbes.com/afxnewslimited/feeds/afx/2008/09/18/afx5440576.html

    This shows the problems inherent with gold-backed securities. One of the main reasons owning bullion is the ultimate safe-haven asset is that there is no counterparty risk. If the problems with the world markets continue in the trajectory they have been following, you can expect serious splash damage to other markets and ETFs could be one of them.

  2. this comment comes from a person well qualified to make it, I’ll be taking this advice personally!

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